Every business needs to manage its finances if it does not manage its finances successfully then the business is likely to fail this unit introduces four key elements of business finance: sources of business finance, costs and break-even, financial statements and financial planning and forecasting. Financial and non-financial objectives finance – gcse business studies revision my work and tagged business, business plan. Better access to capital once listed on a stock exchange, the company is likely to have a much larger number of external shareholders, to whom company directors will be accountable liquidity – shareholders are able to buy and sell their shares (if they are quoted on a stock exchange) financial markets will govern the value.
Businesses often fail because of poor financial management or a lack of planning you should stand back once in a while and review your business' performance.
Here is a key term sheet for aqa as business unit 1 (planning & financing a business) which might be helpful for students going through their final revision for the unit 1 exam. Aqa as business studies unit 1: planning and financing a business workbook by john wolinski, 9780340972762, available at book depository with free delivery worldwide. Opportunity cost cost of missing out on the next best alternative new business most important resources are money and time they can only be spent once.
business studies revision unit 1- planning and financing a business section 1- starting a business topic 1- choosing the right legal structure all businesses fall under either the private sector or the public sector within the private sector this would include sole trader and a partnership within the public sector this would include plc and ltd.